Barnsley Building Society Conveyancing Panel : Questions and Answers from members of the public
My Solicitor is not on the Barnsley Building Society Approved Panel. Can I still continue with my family solicitor even though they are not on the Barnsley Building Society approved list?
The most common options here are as follows:
- Carry on with your preferred solicitors but Barnsley Building Society will need to instruct a lawyer on the Barnsley Building Society conveyancing panel. This will result in additional cost and potential delay.
- Get a new solicitor to act in the purchase, obviously checking they are on the Barnsley Building Society conveyancing panel.
- Convince your lawyer to do everything within their powers to join the Barnsley Building Society conveyancing panel
I am due to complete my purchase next Friday. I have now been asked to send a copy of my building insurance schedule by my solicitor as he says that he has to check this in has capacity as lawyer for Barnsley Building Society. What does the insurance need to cover?
All property lawyers on the Barnsley Building Society conveyancing panel would need to check that the following risks are covered fire; lightning; aircraft; explosion; earthquake; storm; flood; escape of water or oil; riot; malicious damage; theft or attempted theft; falling trees and branches and aerials; subsidence; heave;landslip;collision;accidental damage to underground services;professional fees, demolition and site clearance costs; and public liability to anyone else. There are some other issues such as the level of excess that are set out in Barnsley Building Society’s Part 2 requirements of the CML Handbook (last updated on Barnsley Building Society). Being on the Barnsley Building Society conveyancing panel your lawyer is expect to follow these requirements.
Is it necessary during the course of the conveyancing process to pop into the offices of the Barnsley Building Society conveyancing panel solicitor to execute the mortgage deed? If so, I will appoint a lawyer who conducts conveyancing in Manchester
so that I can pop in to their offices if necessary.
Whereas this was necessary twenty years ago, most lenders no longer require their conveyancing panel solicitor to witness the borrowers signature. You will still be obliged to provide ID Documents and there are still distinct advantages to using a local solicitor, in your case a conveyancing solicitor in Manchester
.
We're in Wales, FTBs purchasing with a mortgage (lender is Barnsley Building Society , but our lawyer is on the Barnsley Building Society conveyancing panel). How long should the conveyancing process take?
The fact that your lawyer is on the Barnsley Building Society conveyancing panel is a help. It would almost certainly delay matters if they were not. However, no conveyancer should guarantee a time-frame for your conveyancing due to third parties outside of our control such as delays caused by lenders,conveyancing search providers or by the other side’s solicitors. The time taken is often determined by the number of parties in a chain
is it true that all solicitors on the Barnsley Building Society conveyancing panel regulated by the SRA?
As a firm of solicitors, in order to be on the Barnsley Building Society conveyancing panel they would need to be regulated by the SRA. Many lenders do allow licenced conveyancers on their panel in which case such firms would be regulated by the Council of Licensed Conveyancers (CLC).
Hi, thinking about buying a house off my mate. Assuming we can agree a figure, what’s the best way to move forward? I hope to get a mortgage with Barnsley Building Society. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Barnsley Building Society involved you will need to appoint a solicitor on the Barnsley Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Barnsley Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Barnsley Building Society conveyancing panel.
For 5 years I had a mortgage with Barnsley Building Society. My father retired last week and wants to pay off the mortgage left on the property. After Barnsley Building Society is paid, I want to transfer the property to my mother's name; How long will it roughly take? Do we need two separate solicitors on the Barnsley Building Society conveyancing panel? I do not intend to live at the property once the Barnsley Building Society mortgage is discharged.
Although you do need to retain the services of a lawyer they dont
need to be on the Barnsley Building Society panel.
You will need a solicitor to draw up the transfer and
to deal with the Land Registry formalities. The only thing you need to
consider is that by selling at an undervalue so ask your lawyer about
the implications. There could be an inheritance tax issue if you die
within 7 years of this. As the property is your main residence you need
not pay CGT but you should speak with your accountants in any event.